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Jun
14
2017

ROBO.CASH and Latvian Startup Association will attract international business to Latvia

SIA 'ROBO.CASH' as part of the Latvian Startup Association intends to contribute to the implementation of development strategy of Latvia as the international center for alternative P2P-lending.

Alternative lending platform ROBO.CASH has become a member of the Latvian Startup Association in June 2017. The Association will facilitate the integration of ROBO.CASH into the Latvian infrastructure of mutual P2P-lending. In its turn, ROBO.CASH as an international group of companies will be able to attract international business to Latvia

The company sees high potential in the development of Latvian P2P-market as a center for retail investment attraction from around the European Union. Latvian online platforms of mutual P2P-lending showed the highest growth rates in Europe the last year. In terms of the amount of funds raised this way, the country is among the continental leaders after Germany and France.

Latvian P2P-business initially chose an international way, which contributed to the growth of popularity of Latvian P2P-services among European investors. Perspective of Eastern Europe and the post-Soviet space as a field for a successful credit business is becoming increasingly evident.

ROBO.CASH is a fully automated P2P-platform with a buyback guarantee  of investments. ROBO.CASH works on the territory of the EU. The interest rate on investments is up to 14% per annum. The investment platform is a part of the international financial holding group with affiliated credit companies in Spain (Prestamer.es), Russia (Zaymer.ru, FinTerra) and Kazakhstan (Zaimer.kz). The group specializes in products: PDL-loans and Installment-loans. For the time of its work, more than 1.2 million loans have been issued. The stuff number is 900 employees. The holding has been developing in the market for more than 7 years.